If you are a policy holder of ICICI Prudential Life Insurance Company, then there is big news for you. Life Insurance Company has announced to give the highest ever bonus to its policyholders for the financial year 2020-21. The company announced on Monday that it will give a bonus of Rs 867 crore to its policyholders. This is the highest annual bonus ever announced by the company. Even this is 10 percent more than last year’s bonus.
“ICICI Prudential Life Insurance has announced an annual bonus of Rs 867 crore to all eligible policyholders for 2020-21,” the company said in a statement on Monday. This is the highest bonus announced by the company till date. This is 10 percent more than the last financial year.
Explain that the bonus is a part of the profit raised by the participating policyholder funds of the company. This is added to their guaranteed maturity benefits, thereby increasing their corpus.
All participating policies will be eligible to get this bonus till March 31, 2021. This will be put to the benefit of the policyholders. This will benefit 9.8 lakh participating policyholders.
This is the 15th year in a row that ICICI Prudential Life Insurance has announced bonus for its policyholders.
After this big announcement, till the end of today’s trading, the company’s shares stood at Rs.
(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)